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SAIC · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Science Applications International Corporation Common Stock (SAIC) stock moving?
SAIC closed at $152.53 on Nov 10, up about 6.3% from $143.54 on Oct 22 and near its Nov 3 intraday high of $155.11. The stock dipped to a $140.96 low on Nov 6 and recovered within two sessions. Volume peaked at 600,546 shares on Nov 4 against a roughly 430,000-share average, and the most recent session traded 348,556 shares, so the recent move is not on heavy participation. The main news is the Nov 2 refinancing: a $500 million offering of 6.75% senior notes due 2034 to redeem 4.875% notes due 2028, upsized from $400 million. This extends maturity but raises the coupon by about 1.9 percentage points, which means higher interest cost on that debt, although the filing gives no earnings impact. Leadership is in transition: Ken Crews, formerly Northrop Grumman CFO, joined on Oct 30 and formally takes the CFO role on Dec 7, while Prabu Natarajan stays CFO until then. The Oct 28 quantum solutions launch is a positioning update without financial figures. No earnings or guidance data appears in the window, so the evidence is mixed and the recent price strength is not clearly tied to a fundamental catalyst.
News behind the analysis
- Science Applications International Corporation Prices $500 Million Senior Notes OfferingSAIC priced $500 million of 6.75% senior notes due 2034, with proceeds intended to redeem its outstanding 4.875% senior notes due 2028.
- Science Applications International Corporation Announces $400 Million Senior Notes OfferingSAIC initially intended to offer $400 million of senior notes due 2034 to fund the redemption of its 4.875% senior notes due 2028. The final pricing was upsized to $500 million.
- SAIC Becomes First Mission Integrator to Deliver Practical Quantum Solutions to Federal Civil and Defense AgenciesSAIC announced a suite of quantum solutions for federal civil and defense agencies. The release is a product and positioning update with no financial figures.
- SAIC Announces Key Leadership AppointmentsKen Crews joins SAIC as EVP and CFO-elect on Oct 30 and formally becomes CFO on Dec 7, 2026. Prabu Natarajan was named permanent EVP of the Civilian Business Group and remains CFO until the transition.
- SAIC Form 8-K: Private Offering of $500 Million Senior Notes Due 2034SAIC disclosed the pricing of a $500 million private offering of senior notes due 2034. Net proceeds are intended to redeem all 4.875% senior notes due 2028 and pay fees, with any remainder for general corporate purposes.
About Science Applications International Corporation Common Stock
Science Applications International Corp. (SAIC) is a Reston, Virginia–based government contractor. It describes itself as a mission integrator providing IT, engineering and technical services to US defense, space, intelligence and civilian agencies. It took its current form in 2013, when the original SAIC split up (the other half is Leidos). Revenue is roughly $7.3 billion a year, and the backlog of contracted work is about $22 billion.
How it makes money
Almost all of SAIC's revenue comes from US federal government contracts and task orders. Most of it is defense and intelligence work for the Department of Defense, the military branches and intelligence agencies. The rest comes from civilian agencies such as NASA. Its services include IT modernization, cloud and enterprise IT, systems engineering, mission software and technical support. These are sold through a mix of cost-plus, fixed-price and time-and-materials contracts. SAIC also pays a quarterly dividend, recently about $0.37 per share.
What usually moves SAIC
- US federal and defense budget levels and appropriations timing
- Contract wins, recompetes and losses
- Profit margins and cost-cutting
- Government shutdowns, spending cuts or contract delays
- Acquisitions and backlog conversion